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Nonprofiteer
← OPERATION SECOND CHANCE INC

Form 990 for tax year 2024

Filed by OPERATION SECOND CHANCE INC.

Totals

Total revenue
$3,004,160
Total expenses
$2,171,943
Contributions and grants received
$2,816,554
Grants paid
$164,140
Program service revenue
$0
Investment income
$187,606
Other revenue
$0
Total assets, end of year
$8,480,870
Total liabilities, end of year
$176,106
Net assets or fund balances, end of year
$8,304,764
Program services expenses (Part IX)
$2,051,362
Management and general expenses
$110,530
Fundraising expenses
$10,051
Program service expenses (Part III)
$2,051,362

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,816,554

  • 1g · Noncash contributions included above

    $28,017

  • 3 · Investment income

    total $196,582 · excluded $196,582

  • 7a · Gross sales of assets other than inventory

    securities $564,293

  • 7b · Less cost or other basis and sales expenses

    securities $573,269

  • 7c · Gain or loss

    securities -$8,976

  • 7d · Net gain or loss

    total -$8,976 · related or exempt -$8,976

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $164,140 · program services $164,140

  • 5 · Compensation of officers, directors and key employees

    total $115,000 · program services $103,500 · management and general $11,500

  • 7 · Other salaries and wages

    total $198,364 · program services $148,363 · management and general $50,001

  • 10 · Payroll taxes

    total $26,038 · program services $20,810 · management and general $5,228

  • 11b · Fees: legal

    total $8,544 · program services $7,129 · management and general $1,415

  • 11c · Fees: accounting

    total $35,436 · program services $2,227 · management and general $33,209

  • 11g · Fees: other

    total $43,532 · program services $33,000 · management and general $2,996 · fundraising $7,536

  • 13 · Office expenses

    total $2,135 · management and general $2,135

  • 14 · Information technology

    total $23,885 · program services $23,885

  • 17 · Travel

    total $5,016 · program services $5,016

  • 20 · Interest

    total $14,832 · program services $14,832

  • 22 · Depreciation, depletion and amortization

    total $166,177 · program services $165,803 · management and general $374

  • 23 · Insurance

    total $10,639 · program services $10,639

  • 24a · Other expenses: General morale

    total $313,714 · program services $313,714

  • 24b · Other expenses: Assistance to individuals

    total $534,554 · program services $534,554

  • 24c · Other expenses: Heroes Ridge

    total $468,964 · program services $468,964

  • 24d · Other expenses: Community awareness

    total $15,440 · program services $15,440

  • 24e · All other expenses

    total $25,533 · program services $19,346 · management and general $3,672 · fundraising $2,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,335 · end of year $92,040

  • 2 · Savings and temporary cash investments

    beginning of year $2,623,880 · end of year $2,340,499

  • 4 · Accounts receivable

    beginning of year $611 · end of year $83,073

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,085 · end of year $55,777

  • 10a · Land, buildings and equipment: cost or other basis

    $3,807,566

  • 10b · Land, buildings and equipment: accumulated depreciation

    $644,245

  • 10c · Land, buildings and equipment, net

    beginning of year $2,933,728 · end of year $3,163,321

  • 11 · Investments: publicly traded securities

    beginning of year $2,090,105 · end of year $2,746,160

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,365 · end of year $27,080

  • 23 · Secured mortgages and notes payable

    beginning of year $332,847 · end of year $149,026

  • 27 · Net assets without donor restrictions

    beginning of year $7,405,532 · end of year $8,284,764

  • 28 · Net assets with donor restrictions

    beginning of year $19,000 · end of year $20,000

Mission and programs · 2024

Mission

We are patriotic citizens committed to serving our wounded, injured and ill combat veterans. We support Veterans and their families by building relationships and supporting their immediate needs and interests. We promote public awareness of the many sacrifices of our Armed Forces

  • Providing emergency financial assistance to our nations Veterans, that are wounded, injured or ill, in the form of rent and mortgage payments to prevent homelessness and evictions. Utility payments, flights and lodging so family members can be together during recovery. Assistance requests must come through verified caseworkers or V.A. representations, and OSC is able to provide a rapid response to our Veterans needs within 24-48 hours, making payments directly to their creditors.

    Expenses $747,847

  • Heroes Ridge - Situated at the top of a mountain, Heroes Ridge offers rest and relaxation for wounded, injured and ill Veterans. The property consists of 275 acres, offering 4 cabins, a dining hall, recreation center, fitness center, pool, horses, ATVs and miles of trails for hiking, horseback riding and ATV rides. The property, located close to Gettysburg is rich with history of the Civil War, and offers Veterans a chance to thrive post war and get back to many of their roots.

    Expenses $656,086

  • Morale, welfare, and recreation expenses to improve the morale of wounded soldiers. Activities include providing meals, cookouts, trips to the movies and a multitude of healing retreats all aimed at engaging the veterans to get back to doing the things that they loved before their injuries. Emphasis is placed on outdoor sporting activites such as adaptive skiing, horseback riding, white water rafting and fishing.

    Expenses $438,889

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $100,140 · Grants $100,140

  • 529 plan program - 529 plan funding is provided to applicants who are the direct dependents of wounded, injured or ill veterans.

    Expenses $64,000 · Grants $64,000

  • Operation Giving Back Program - Interns are mentored through employment with the organization. Qualified individuals serving as interns must be wounded, injured or ill veterans or their spouses. The program includes allowing the interns to focus on improving the well-being of caregivers with dinners, safety and educational classes, and other appropriate events.

    Expenses $44,400 · Revenue $30,000

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Cindy McGrew

    President

    Total calculated
    $115,000
    From this org
    $115,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Luke Murphy

    Director

    Total calculated
    $0
    Hours/week
    1
  • Benjamin Knisely

    Director

    Total calculated
    $0
    Hours/week
    1
  • Paul Caragiulo

    Director

    Total calculated
    $0
    Hours/week
    1
  • Robert Kilmartin

    Director

    Total calculated
    $0
    Hours/week
    1
  • Diane Morales

    Director

    Total calculated
    $0
    Hours/week
    1
  • Clark Wagner

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kevin Kenney

    Director

    Total calculated
    $0
    Hours/week
    1
  • John Jarrett

    Director

    Total calculated
    $0
    Hours/week
    1
  • Tim Sanders

    Treasurer

    Total calculated
    $0
    Hours/week
    10
  • Robert Larson

    Vice-President

    Total calculated
    $0
    Hours/week
    1
  • Andrew Lourake

    Former director

    Total calculated
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported
  • Paul Steketee

    Former director

    Total calculated
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
25 April 2025
IRS schema version
2024v5.1
Source object
202511169349300001

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